WisdomTree International Equity Fund (NYSEARCA:DWM) Sets New 1-Year High – What’s Next?

WisdomTree International Equity Fund (NYSEARCA:DWM) hit a new 52-week high on Friday . The company traded as high as $67.89 and last traded at $67.9110, with a volume of 611 shares changing hands. The stock had previously closed at $67.58.

WisdomTree International Equity Fund Trading Up 0.3%

The firm has a market capitalization of $624.74 million, a P/E ratio of 13.53 and a beta of 0.71. The stock has a 50-day simple moving average of $66.58 and a two-hundred day simple moving average of $65.09.

Institutional Trading of WisdomTree International Equity Fund

A number of hedge funds have recently added to or reduced their stakes in DWM. Kestra Advisory Services LLC grew its holdings in WisdomTree International Equity Fund by 272.7% during the 1st quarter. Kestra Advisory Services LLC now owns 105,075 shares of the company’s stock worth $6,111,000 after acquiring an additional 76,884 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of WisdomTree International Equity Fund by 219.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 53,345 shares of the company’s stock worth $3,391,000 after purchasing an additional 36,630 shares during the period. Bank of America Corp DE boosted its stake in shares of WisdomTree International Equity Fund by 5.7% during the third quarter. Bank of America Corp DE now owns 387,961 shares of the company’s stock valued at $25,690,000 after purchasing an additional 20,809 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of WisdomTree International Equity Fund during the second quarter valued at approximately $1,118,000. Finally, Cetera Investment Advisers increased its holdings in WisdomTree International Equity Fund by 30.3% during the second quarter. Cetera Investment Advisers now owns 63,652 shares of the company’s stock valued at $4,046,000 after buying an additional 14,810 shares during the period. 67.46% of the stock is owned by hedge funds and other institutional investors.

About WisdomTree International Equity Fund

The WisdomTree International Equity Fund (DWM) is an exchange-traded fund that is based on the WisdomTree International Equity index. The fund tracks a dividend-weighted index of dividend-paying companies in developed markets excluding Canada and the US. DWM was launched on Jun 16, 2006 and is managed by WisdomTree.